What benefits do employees have in companies apart from salaries?
Benefits are any perks offered to employees in addition to salary. The most common benefits are medical, disability, and life insurance; retirement benefits; paid time off; and fringe benefits.
Is LIC assistant job is a government job?
The salary structure in LIC is as per 7 th pay commission. The basic pay of a LIC Assistant (Clerk) is Rs. 14435/- per month. LIC Assistant Notification 2021 for recruitment of 8500 assistant vacancies is out soon on LIC Careers website licindia.in.
Why do companies offer benefits aside from salary?
Offering benefits to your employees is important because it shows them you are invested in not only their overall health, but their future. A solid employee benefits package can help to attract and retain talent. Benefits can help you differentiate your business from competitors.
What are the best employee benefits?
Below are the best employee perks that you need to implement to solve for your employees:
- Flexibility programs around work location or hours.
- Shorter work week.
- Sabbatical.
- Parental perks.
- Mentorship programs.
- Coaching services.
- Employee perk stipends.
- Wellness initiatives.
What are good benefits for employees?
10 Most Commonly Offered Employee Benefits
- Health Insurance Benefits. This one is a no-brainer.
- Life Insurance.
- Dental Insurance.
- Retirement Accounts.
- Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs)
- Paid Vacation and Sick Time.
- Paid Holidays.
- Paid Medical Leave.
What happens if I Stop my LIC policy after 3 years?
You will not get anything back if you stop your policy without paying for 3 years. Almost every traditional policy attains minimum surrender value after the policy has run for 3 yrs. After 3 yrs, if you surrender your LIC policy, still you will only get a small fraction of your total paid premiums that too excluding first year premiums.
Do LIC policies pay out on a periodic basis?
A lot of LIC policies pay you on a periodic basis like at the end of 4th, 8th and 12th year, and then finally at the end of the maturity period. These policies are Money back policies, the example can be LIC Jeevan Surabhi or LIC Komal Jeevan.
What is the LIC final additional bonus?
There is another kind of bonus in LIC which is generally called as “FAB” or Final Additional Bonus and it’s paid to those policies which are of a longer duration and has run for more than 15 yrs (The premiums are paid for all 15 yrs). This is generally a token of appreciation for being with the policy for long duration.
What is the biggest confusion you see in LIC policies?
The biggest confusion I see is generally in Bonus by LIC. One thing which investors in these policies don’t know and don’t care for to find out is that there are different kinds of bonuses in LIC policies and they are calculated differently. Let’s see them one by one. 1. Simple Reversionary Bonuses